Britain's economy has sunk into recession for the second time in three years after a dramatic slump across the financial services and construction sectors and a poor start to the year on the high street.
Official figures showed the economy contracted in the first three months of the year after a poor performance before Christmas. This meant it registered two consecutive quarters of negative growth, the standard definition of a recession. The economy is now in its longest depression for 100 years, with little sign of regaining its previous record output before 2014.
Kind of sucks doesn't it? Especially when officials try to do everything they can to paint the economy in a much better light then it really is. Some call it lying, I just think they are trying to keep everyone positive when the ship is sinking. Curious how things will turn out AFTER the Olympics considering this was just news from April time.